From Indiatimes.com: Commodity futures market regulator Forward Markets Commission (FMC) may stipulate uniform net worth criteria for members trading on behalf of clients and carrying out proprietary trades across national-level commodity bourses.
Brokers and exchange officials stress the importance of putting in place a benchmark in terms of net worth — share capital plus free reserves — for those who provide broking services as these entities are perceived to be extended arms of the bourses and any default by a member carries potential reputation risk for the latter.....................................Full Article: Source